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No POI/POA required for RSP Loans up to $25,000

Submitted by Krishan on February 25, 2020 - 4:13pm

Submit your

 

clients’ applica

 

tions before

 

March 2 

 

With the March 2, 2020 RSP contribution deadline fast approaching, our RSP resource centre provides the tips and tools to save you time.

Why a B2B Bank RSP Loan

  • Credit approved RSP Loans $25,000 and under do not require Proof of Income (POI)/Proof of Assets (POA).1
  • Multiple funding options: Proceeds from a single Distribution Alliance RSP loan can be invested in an RRSP, RESP or any combination thereof (up to a maximum of three accounts).
  • Deferral payment options: Clients can defer their first payment for up to 180 days.2
  • Flexible terms: Choose a 1- to 2-year fixed rate loan or a variable rate loan with a term between 1 and 10 years.3

Apply with EASE

See our extended hours this RSP season

Source URL: https://trustglobalpacific.ca/bulletins/b2b-bank/2020-02-25/no-poipoa-required-rsp-loans-25000